423 River StPatersonNJ07524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Paterson at 423 River St, Paterson, NJ, 07524 priced at $525,000 converts $3,355/mo rent into after a $2,570/mo obligation. Total monthly income equals $3,355/mo. Return on cash invested prints 17.37% in year one, and rental yield reads 7.67% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 90.43% and total cumulative return in cash sums $156,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,355/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leonardo Tatis • United Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3917515
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.